The Vietnamese Dong: Could it Strengthen to 26,000 VND/USD by Year-End? Interest Rates to...
According to a recent report on Vietnam's macroeconomic outlook published by Tien Phong Securities (TPS, HOSE: ORS), exchange rates may continue to rise while interest rates remain low to support the economy.
The Greenback’s Rapid Fall: Hitting a Two-Month Low
Last week (February 10-14, 2025), the US dollar weakened significantly in the international market after data showed signs of a faltering US economy at the start of Q1 2025.
Unlocking the Power of CASA: Unveiling Opportunities for Your Money
The surge in CASA in 2024 is a telling sign of the times. It reflects not just a defensive investor psyche but also a latent force of funds awaiting a substantial catalyst to unleash its full potential.
“Eximbank Aims High: Targeting a 33% Surge in Profit for 2025”
On February 17, 2025, the Board of Directors of the Vietnam Export Import Commercial Joint Stock Bank (Eximbank, HOSE: EIB) approved the proposal of the Acting General Director regarding the 2025 business plan for submission to the Annual General Meeting for approval.
The Greenback Falls Further
Last week (February 17-21, 2025), the value of the US dollar continued its downward trajectory in the international market as President Donald Trump's tough trade policies raised fears of a potential economic stall coupled with rising inflation.
“Techcombank Elevates Partnership with Wincommerce to Enhance Customer Experience and Value”
Techcombank, a leading commercial joint-stock bank in Vietnam, and WinCommerce, a prominent comprehensive trading services company, have taken their strategic alliance to new heights. This elevated partnership aims to deliver an unparalleled privileged payment solution to their customers, offering seamless access to an extensive range of financial and non-financial services.
The Greenback and the Yuan: A Tale of Continuous Rise
The State Bank of Vietnam has set the reference exchange rate at 24,572 VND per USD, a further increase of 22 VND compared to February 12th morning. With a +/- 5% fluctuation band, the ceiling and floor rates for the day are 25,801 VND and 23,343 VND, respectively.
The Central Bank’s Aggressive Reduction of Funds Through Bill Channels
In the week following the Lunar New Year celebrations (03-10/02/2025), the State Bank of Vietnam (SBV) reduced the issuance of treasury bills while ramping up lending through the channel of pledging valuable papers.
Post-Lunar New Year: A Slight Dip in Deposit Interest Rates
The interest rate cut on deposits in early February 2025 was largely a result of ample liquidity post-Tet, reduced demand for credit, a relaxed monetary policy, and banks' cost of capital optimization strategies.
The Growing Gap Between Credit and Deposits: A Record-Breaking Divide
While credit debt soared, banks' capital mobilization lagged in 2024, creating an unprecedented gap between supply and demand.
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The Evolution of AIG: A Significant Step Forward in its Long-Term Growth Strategy
The announcement of the formation of the Strategic Council and the appointment of a new Chairman of the Board of Directors marks a significant step forward in Asia AIG's long-term development strategy.
The Soaring Dollar: USD Surges to Record Highs in Bank Rates
Today's USD exchange rate, 12th February 2025, sees the US dollar continue its impressive surge in the banking sector, reaching unprecedented heights. The selling rate at banks has edged closer to the symbolic milestone of VND 25,800 per USD. Meanwhile, the central exchange rate has also set a new record.
Green Project Bonds: Unlocking Capital for Sustainable Real Estate
Green bonds are an increasingly popular strategic financial tool that is propelling the growth of green real estate. With a robust legal framework and favorable policies in place, businesses can easily raise long-term capital while enhancing the value of their projects through energy savings and reduced carbon emissions. This powerful incentive is driving the Vietnamese real estate industry towards a more sustainable future.
